Mahube Infrastructure (JSE:MHB) Scaled Net Operating Assets: 0.97 (As of Feb. 2026)


JSE:MHB Mahube Infrastructure Ltd JSE:MHB
66 GF Score
Price R4.19
GF Value R3.82
Valuation Fairly Valued
! 2 Warning Signs
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What is Mahube Infrastructure Scaled Net Operating Assets?

Mahube Infrastructure JSE:MHB 66 Scaled Net Operating Assets is 0.97 as of Feb. 2026. GuruFocus rates JSE:MHB with a GF Score™ of 66/100 and a GF Value™ of R3.82 (Fairly Valued). The stock has 2 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Mahube Infrastructure's operating assets for the quarter that ended in Feb. 2026 was R552.04 Mil. Mahube Infrastructure's operating liabilities for the quarter that ended in Feb. 2026 was R2.99 Mil. Mahube Infrastructure's Total Assets for the quarter that ended in Aug. 2025 was R566.69 Mil. Therefore, Mahube Infrastructure's scaled net operating assets (SNOA) for the quarter that ended in Feb. 2026 was 0.97.


Mahube Infrastructure Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Mahube Infrastructure's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mahube Infrastructure Scaled Net Operating Assets Chart

Mahube Infrastructure Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 0.88 1.05 1.00 0.93

Mahube Infrastructure Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.00 1.02 0.96 0.94 0.97

JSE:MHB vs BLK, BX, KKR: Scaled Net Operating Assets Comparison

For the Asset Management subindustry, Mahube Infrastructure's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mahube Infrastructure Scaled Net Operating Assets vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Mahube Infrastructure's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Mahube Infrastructure's Scaled Net Operating Assets falls into.


JSE:MHB
66GF Score
Mahube Infrastructure Ltd JSE:MHB
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Mahube Infrastructure Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Mahube Infrastructure's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Feb. 2026 )
=(Operating Assets (A: Feb. 2026 )-Operating Liabilities (A: Feb. 2026 ))/Total Assets (A: Feb. 2025 )
=(552.036-2.985)/592.729
=0.93

where

Operating Assets(A: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=565.201 - 13.165
=552.036

Operating Liabilities(A: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.985 - 0 - 0
=2.985

Mahube Infrastructure's Scaled Net Operating Assets (SNOA) for the quarter that ended in Feb. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Feb. 2026 )
=(Operating Assets (Q: Feb. 2026 )-Operating Liabilities (Q: Feb. 2026 ))/Total Assets (Q: Aug. 2025 )
=(552.036-2.985)/566.688
=0.97

where

Operating Assets(Q: Feb. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=565.201 - 13.165
=552.036

Operating Liabilities(Q: Feb. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2.985 - 0 - 0
=2.985

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.97 mean?
Mahube Infrastructure (JSE:MHB) has a Scaled Net Operating Assets of 0.97 as of Feb. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Mahube Infrastructure and its competitors.
Is Mahube Infrastructure's Scaled Net Operating Assets too high?
Mahube Infrastructure's current Scaled Net Operating Assets is 0.97. Overall, Mahube Infrastructure has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mahube Infrastructure's Scaled Net Operating Assets compare to BLK and BX?
Mahube Infrastructure's Scaled Net Operating Assets of 0.97 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Mahube Infrastructure and its competitors. Mahube Infrastructure's current Scaled Net Operating Assets is 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mahube Infrastructure stock overvalued right now?
Based on GuruFocus' analysis, Mahube Infrastructure (JSE:MHB) is currently considered Fairly Valued. The stock's GF Value™ is R3.82, compared to a current price of R4.19 — trading 9.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.97. Mahube Infrastructure's overall GF Score™ is 66/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Mahube Infrastructure (JSE:MHB), the current Scaled Net Operating Assets is 0.97 as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mahube Infrastructure (JSE:MHB) Overvalued in 2026?

Based on GuruFocus' analysis, Mahube Infrastructure stock appears to be overvalued. The current stock price of R4.19 is trading 9.7% above its estimated GF Value™ of R3.82. GuruFocus considers Mahube Infrastructure to be Fairly Valued.

Key valuation signals for JSE:MHB:

  • Scaled Net Operating Assets: 0.97
  • GF Value™: R3.82 vs. price of R4.19 (9.7% above fair value)
  • GF Score™: 66/100 with 2 warning signs

No single metric tells the full story. See the JSE:MHB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mahube Infrastructure Business Description

Address 4 The High Street, 3rd Floor, Penthouse 5, Melrose Arch, Johannesburg, GT, ZAF, 2196
Mahube Infrastructure Ltd is an investment entity holding its investments in operational infrastructure assets. The company's business is to own infrastructure assets in the energy, transportation and water and sanitation sectors across Southern Africa.
66GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R4.19
Price
R3.82
GF Value